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Why Circle Internet Stock Popped Today

TheMotleyFool

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Shares of Circle Internet Group (NYSE: CRCL), the June IPO stock and issuer of USD- and Euro-denominated stablecoins, surged 7.1% through 9:50 a.m. ET after Circle reported its first financial results as a publicly traded company this morning.

Analysts forecast the company would report $644.7 million in revenue, but Circle beat expectations with a $658.1 million report -- and a $4.48-per-share loss.

Image source: Getty Images.

Source Fool.com

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